Allstate Corp (ALL) Holdings Raised by Aperio Group LLC

Aperio Group LLC raised its holdings in shares of Allstate Corp (NYSE:ALL) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 488,012 shares of the insurance provider’s stock after purchasing an additional 11,006 shares during the quarter. Aperio Group LLC owned 0.14% of Allstate worth $48,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Independence Bank of Kentucky grew its stake in Allstate by 14.4% during the 3rd quarter. Independence Bank of Kentucky now owns 5,171 shares of the insurance provider’s stock valued at $510,000 after purchasing an additional 651 shares in the last quarter. First Hawaiian Bank acquired a new stake in Allstate during the 3rd quarter valued at approximately $2,345,000. Courier Capital LLC grew its stake in Allstate by 12.6% during the 3rd quarter. Courier Capital LLC now owns 6,789 shares of the insurance provider’s stock valued at $670,000 after purchasing an additional 759 shares in the last quarter. Gofen & Glossberg LLC IL grew its stake in Allstate by 4.1% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 194,867 shares of the insurance provider’s stock valued at $19,233,000 after purchasing an additional 7,676 shares in the last quarter. Finally, Clinton Group Inc. acquired a new stake in Allstate during the 3rd quarter valued at approximately $390,000. Hedge funds and other institutional investors own 76.22% of the company’s stock.

ALL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research note on Monday, August 27th. Credit Suisse Group reduced their target price on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Allstate in a report on Thursday, August 16th. B. Riley increased their target price on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Buckingham Research raised Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 target price on the stock in a report on Wednesday, July 18th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allstate presently has a consensus rating of “Hold” and a consensus price target of $104.62.

In related news, insider Glenn T. Shapiro sold 21,728 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $98.70, for a total value of $2,144,553.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Harriet K. Harty sold 10,515 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the completion of the sale, the executive vice president now directly owns 14,606 shares in the company, valued at approximately $1,444,095.22. The disclosure for this sale can be found here. In the last three months, insiders sold 54,432 shares of company stock worth $5,386,208. Company insiders own 1.40% of the company’s stock.

NYSE:ALL opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. Allstate Corp has a 52 week low of $88.29 and a 52 week high of $105.36. The company has a market cap of $34.17 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.27 and a beta of 0.92.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. Allstate’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. On average, research analysts forecast that Allstate Corp will post 9.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, August 31st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, August 30th. Allstate’s dividend payout ratio (DPR) is 27.42%.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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